Political Science, asked by Chetanyabhatia5, 10 months ago

what are the two main factors of production​

Answers

Answered by sbidwai1979
0

Answer:

Land, labor, and capital as factors of production were originally identified by the early political economists such as Adam Smith, David Ricardo, and Karl Marx. Today, capital and labor remain the two primary inputs for the productive processes and the generation of profits by a business.

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Answered by harneetkaur8375
0

TIP:

WHAT ARE THE TWO MAIN FACTORS OF PRODUCTION

Explanation:

They are commonly broken down into four elements: land, labor, capital, and entrepreneurship. However, commentators sometimes refer to labor (working and fixed capital ) and capital as the two primary factors of production.

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